Sonos Inc (SONO)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -48,045 | -7,039 | -40,889 | -27,155 | -20,546 | -52,247 | -24,026 | 43,242 | 89,532 | 138,052 | 147,821 | 150,174 | 154,964 | 181,935 | 108,292 | 42,690 | -27,232 | -67,489 | -25,625 | 4,644 |
| Revenue (ttm) | US$ in thousands | 1,525,344 | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 |
| Operating profit margin | -3.15% | -0.45% | -2.64% | -1.69% | -1.23% | -3.10% | -1.43% | 2.43% | 5.11% | 7.69% | 8.20% | 8.65% | 9.03% | 10.72% | 6.91% | 3.03% | -2.05% | -5.27% | -1.98% | 0.35% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-48,045K ÷ $1,525,344K
= -3.15%
The operating profit margin of Sonos Inc has fluctuated over the past few years, ranging from negative figures to positive percentages. In the most recent quarter, the operating profit margin was -3.15%, indicating that the company's operating expenses exceeded its operating income, resulting in a loss.
Looking at historical trends, the operating profit margin has shown some volatility, with peaks reaching as high as 10.72% in the first quarter of 2021, followed by a gradual decline in subsequent quarters. However, the margin turned negative in some periods, such as the second quarter of 2020 and the third quarter of 2019, indicating challenges in generating profits from operations during those times.
Overall, the declining trend in the operating profit margin in recent quarters may suggest potential challenges in managing costs and improving operational efficiency. It would be important for Sonos Inc to closely monitor its cost structure and revenue generation strategies to enhance profitability in the future.
Peer comparison
Sep 30, 2024